Selective Investment for Bali

Bali’s Governor Made Mangku Pastika has declared that, in the future, Bali will be more selective in accepting investment projects. This increased selectivity forms part of an effort to encourage sustainable development and a achieve a more equitable distribution of the fruits of development across the entire island.

Beritabali.com reports that the Governor made his public pledge on Wednesday, December 14, 2011.

Pastika explained that this heightened selectivity in receiving new investments would also embrace greater selectivity in locations permits for new investment projects. In the future, Pastika wants investors to bring projects to areas outside the southern parts of the islands in order to create economic opportunities in the eastern and northern parts of the island.

Pastika said: “That is the reason I go back and forth on the issue of a moratorium on starred hotels in the south. Send them to the north, to the west, to the east, to the middle. Do this so there will be an even distribution of development. Then, we will carefully select which new investments we will welcome.”

Pastika said he has written to the Investment Coordinating Board (BKPM) to urge new investments not be concentrated in Bali’s south.

In addition, the governor is also insisting that all new investments in Bali be environmentally friendly.